UAA - possible swing trade opportunity

doYouEvenSwingの投稿
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I've been looking at Under Armor.
I think that it has been doing great the last few days despite all the fear in the market.

In my opinion this is a great swing trade opportunity.

In fact i have a strategy for both cases, either short or long. But if you put a gun to my head and make me choose, i think it's a bigger chance to go up.

If the support line holds and we have a green candle today, and the FED announcement doesn't impact much probably i will open a long position right before closing.

If the support line doesn't hold i will open a short position 25% of the ATR under it.

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It seems i have to change my position to a short after recent events.
Chart PatternsTrend Analysis

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